The Market Value of Social Security

John Geanakoplos, Stephen P. Zeldes

NBER Retirement Research Center Paper No. NB 08-11
Issued in September 2008

---- Acknowledgements -----

We thank Ryan Chahrour, Ben Marx, Theodore Papageorgiou, and Sami Ragab for research assistance, and Mark Broadie, Deborah Lucas, Kent Smetters, and seminar participants at the Conference on Measuring and Managing Federal Financial Risk (Kellogg School, February 2007) and at Columbia University for helpful comments and suggestions. This research was supported by the U.S. Social Security Administration through grant #10-P-98363-1-04 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the author(s) and do not represent the views of SSA, any agency of the Federal Government, or the NBER.

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